Front Page

UK

World

Business

Sci/Tech

Sport

Despatches

World Summary


On Air

Cantonese

Talking Point

Feedback

Low Graphics

Help

Site Map

Wednesday, January 14, 1998 Published at 14:41 GMT



Business

Seven-year director's ban for Venables
image: [ A red card for Terry Venables: banned from holding company directorships for seven years ]
A red card for Terry Venables: banned from holding company directorships for seven years

Terry Venables has agreed to a High Court order banning him from holding company directorships for seven years.

The case was due to last up to three weeks, but was over in just five minutes after the former England football chief decided to admit or not contest 19 specific allegations made against him by the Department of Trade and Industry.


BBC Correspondent George Eykyn reports from the High Court (Dur:1' 16")
The 19 allegations set out in an agreed statement of facts amounted to serious breaches of his obligations and responsibilities as a director.

He reached a settlement with the DTI and agreed to be disqualified from directorship and from being concerned in forming, managing or promoting companies for seven years.


[ image: Terry Venables' club Scribes West which he allegedly mismanaged]
Terry Venables' club Scribes West which he allegedly mismanaged
The court case, which had been looming for several years, arose from alleged mismanagement of four companies - the London drinking club Scribes West Ltd, Edenote plc, Tottenham Hotspur plc and Tottenham Hotspur Football and Athletic Company Ltd.

Mr Venables was not at the London courtroom to hear Elizabeth Gloster QC, for the DTI, tell Mr Justice Evans-Lombe that his conduct in relation to the four companies "has been such as to make him unfit to be concerned in any way with the management of a company".

The agreed seven-year ban was in the "middle bracket" of disqualification periods, applying to serious misconduct which did not merit the top bracket of 10 to 15 years, said Miss Gloster.

National Hero

The Competition and Consumer Affairs Minister Nigel Griffiths said after the hearing: "Mr Venables has admitted the serious allegations made in the disqualification proceedings and recognises the serious nature of the allegations by consenting to a substantial seven-year period of disqualification.

"We recognise his great achievement in football coaching, but even our national heroes cannot be allowed to fall below accepted standards of probity when they enter the business world."

The judgement will not affect Mr Venables' role as coach of the Australian national football team.
 





Back to top | BBC News Home | BBC Homepage

©

  Relevant Stories

14 Jan 98 | Sport
Portsmouth sack Venables' friend

13 Jan 98 | Sport
Venables quits Portsmouth taking a tidy profit

 
  Internet Links

Department of Trade and Industry

Tottenham Hotspur FC


The BBC is not responsible for the content of external internet sites.
 
In this section

Microsoft trial mediator welcomed

Vodafone takeover battle heats up

EU fraud: a billion dollar bill

NatWest bid timetable frozen

No longer Liffe as we know it

France faces EU action over electricity

Inquiry into energy provider loyalty

The growing threat of internet fraud

Christmas turkey strike vote

Brown considers IMF job

Train robbery game hope for SCi

From Sport
League to rule on Sky shares

Mannesmann fights back

Online share dealing triples

Chinese imports boost US trade gap

Pace enters US cable heartland

The rapid rise of Vodafone

Storehouse splits up Mothercare and Bhs

Brown's bulging war-chest

The hidden shopping bills

Europe's top net stock

House passes US budget

Rate fears as sales soar

Safeway faces cash demand probe

Mitchell intervenes to help shipyard

Maxwell pledge to pensioners

Power cuts spark union warning

New factory creates 500 jobs

Drugs company announces 300 jobs

Oil reaches nine-year high

'Asian management culture must change'

US 'prepared for Millennium Bug'

Gucci on a spending spree





Business Contents

Your Money
Market Data
Economy
Companies
Business Basics
E-Commerce